The Most Affordable Neighborhoods in Gold Mine, AL by Home Value

 

Gold Mine, AL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gold Mine area can be challenging. Home prices in Gold Mine are now at a median cost of $108,170, lower than the Alabama average of $185,232.

The average cost of rent is $355/mo in Gold Mine, primarily driven by the current value of real estate in the Gold Mine area. While nearly 39.77% of residents own their homes outright in Gold Mine, 2.06% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gold Mine is $3,818 per month. Households that rent pay about 9.29% of their income on rent here. Gold Mine's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.


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